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dhcapital.com

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Investments

11

Portfolio Exits

4

Partners & Customers

5

About DH Capital

DH Capital is a private investment banking partnership company serving the media, Internet and telecommunications industries. It assists clients with mergers & acquisitions, private equity placements & debt financings, as well as financial advisory engagements. It is based in New York. On December 15th, 2021, DH Capital was acquired by Citizens Financial Group. The terms of the transaction were not disclosed.

DH Capital Headquarter Location

1350 Avenue of the Americas

New York, New York, 10019,

United States

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Latest DH Capital News

3 Stocks Coming Out Hot in 2022

Jan 11, 2022

These are three week one winners that appear to have plenty more upside. This story originally appeared on MarketBeat It’s been a tough start to 2022 for the U.S. stock market. Concerns about rising Omicron cases and sooner than expected interest rate hikes have put the S&P 500 in a 3.6% hole just one week into the new year. Depositphotos.com contributor/Depositphotos.com - MarketBeat Not all sectors have performed poorly though. Energy and financial stocks are off to a great start thanks to soaring oil prices and rates, respectively. Most of the names that have already posted double-digit percentage returns belong to these sectors. With the current tailwinds likely to support 2022’s early outperformers for some time, momentum investors may have an opportunity to strike while the iron’s hot—but not too hot. These are three week-one winners that appear to have plenty more upside. What is a Good Oil Services Stock? Liberty Oilfield Services ( NYSE:LBRT ) came out swinging on the first two trading days of the year en route to a 25% week one gain. With the mid-cap hydraulic fracturing services provider still trading well below its post-pandemic peak and favorable energy sector dynamics likely to persist, the run has probably just begun. There are many onshore oil and gas service providers in North America, but Liberty Oilfield Services stands out because of its expansive geographical footprint. Early last year, the company acquired OneStim, the hydraulic fracturing business previously owned by industry giant Schlumberger. This significantly increased Liberty’s presence in key U.S. and Canadian basins at a time when oil fracking activity was taking off. For this year, economists are forecasting that crude oil prices will remain elevated and supportive of increased production activity. Liberty and its peers will, however, face industrywide supply chain challenges and cost inflation pressures, not to mention recent concerns about the impact of Omicron on global oil demand. Still, analysts are expecting that the company will return to profitability in 2022. Look for the stock to trend back into the teens in anticipation of some stronger quarterly results. Is Citizens Financial Group Stock a Buy? Rhode Island-based regional bank Citizens Financial Group ( NYSE:CFG ) kicked off the new year in style by surging to an all-time high last week. It participates in a sector that isn’t usually associated with high-flying stock performances, but given the recent trajectory of U.S. interest rates, it may be a solid momentum play. Ten days into 2022, the 10-year Treasury yield has soared to its highest level since January 2021. This is because the market thinks the Fed will tighten monetary as soon as March based on the minutes from the recent FOMC meeting. The potential for faster rate hikes has investors bidding up well-run regional banks like Citizens Financial which jumped 15% to start the year. Citizens is expected to be one of the biggest beneficiaries of rising rates due to their strong commercial banking business. The company’s target market encompasses a wide scope of commercial customers by size and industry including exposure to some of the fastest-growing segments like technology, energy, healthcare, and real estate. While much of the attention is on rising rates, Citizens merits extra attention on account of its recent M&A spree which has reduced its dependency on traditional banking revenue. Last month it announced an agreement to buy private investment banking firm DH Capital to strengthen its corporate advisory arm. A month prior, it wrapped up its acquisition of capital markets firm JMP Group to boost its capabilities in strategic advisory services, equity research, and trading. Citizens Financial Group is trading near a record high, but at 10x last year’s earnings and more diversified revenue streams ahead, it is looking like a wise investment here. Will Ford Motor Stock Keep Going Up? Ford Motor ( NYSE:F ) sped out of the gate with a 20% run through January 7th. The stock went into overdrive due to a pair of powerful press releases that bolstered the automaker’s clout in the electric vehicle (EV) space. First, Ford announced that it plans to almost double the annual production of its F-150 Lightning electric truck to 150,000 units. The move came in response to increasing customer demand for the popular, high mileage vehicle which is slated to be delivered this Spring. Ford is also seeing “unprecedented demand” for its Mustang Mach-E and will also ramp production of that EV this year. On the heels of this accelerant, Ford announced that it sold a record 12,284 EVs in December. This capped off a strong year for the company’s EV division which trailed only Tesla in terms of full-year sales volume. Much of the growth was tied to Mustang Mach-E sales, but with the F-150 Lightning and the E-Transit all-electric van scheduled to roll off the assembly lines this year, Ford’s EV platform will only gain steam in 2022. The market continues to play catch-up with Ford’s valuation. The stock finished 2021 on a five-month winning streak that looks poised to stretch to six. At 12x this year’s earnings estimate, Ford remains one of the most underappreciated ways to invest in EV growth. More About Finance

DH Capital Investments

11 Investments

DH Capital has made 11 investments. Their latest investment was in Liqid as part of their Series C on September 9, 2021.

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DH Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/30/2021

Series C

Liqid

$100M

No

7

7/6/2020

Unattributed

Data Dynamics

$9M

Yes

2

11/13/2019

Series B - II

Liqid

$15.7M

No

4

2/22/2017

Series A - II

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$99M

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10

2/19/2016

Convertible Note

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$99M

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10

Date

9/30/2021

7/6/2020

11/13/2019

2/22/2017

2/19/2016

Round

Series C

Unattributed

Series B - II

Series A - II

Convertible Note

Company

Liqid

Data Dynamics

Liqid

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Amount

$100M

$9M

$15.7M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

7

2

4

10

10

DH Capital Portfolio Exits

4 Portfolio Exits

DH Capital has 4 portfolio exits. Their latest portfolio exit was Immatics Biotechnologies on July 02, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/2/2020

Reverse Merger

$99M

3

7/13/2017

Acquired

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10

10/1/2014

Acquired

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$99M

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10

8/20/2013

Acq - Fin

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10

Date

7/2/2020

7/13/2017

10/1/2014

8/20/2013

Exit

Reverse Merger

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

10

10

10

DH Capital Partners & Customers

5 Partners and customers

DH Capital has 5 strategic partners and customers. DH Capital recently partnered with Agilis Systems on February 2, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

2/28/2019

Client

Agilis Systems

United States

DH Capital Advises Agilis Systems on Significant Growth Investment From Spectrum Equity

`` We are extremely pleased for Agilis Systems and excited about their new partnership with Spectrum Equity .

2

7/19/2016

Client

DataBank

United States

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10

4/13/2016

Vendor

Ceryx

Canada

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10

6/6/2012

Partner

SaaS Capital

United States

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10

Client

Stratalux

United States

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10

Date

2/28/2019

7/19/2016

4/13/2016

6/6/2012

Type

Client

Client

Vendor

Partner

Client

Business Partner

Agilis Systems

DataBank

Ceryx

SaaS Capital

Stratalux

Country

United States

United States

Canada

United States

United States

News Snippet

DH Capital Advises Agilis Systems on Significant Growth Investment From Spectrum Equity

`` We are extremely pleased for Agilis Systems and excited about their new partnership with Spectrum Equity .

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Sources

2

10

10

10

10

DH Capital Team

1 Team Member

DH Capital has 1 team member, including former Managing Director, Sean Charnock.

Name

Work History

Title

Status

Sean Charnock

Managing Director

Former

Name

Sean Charnock

Work History

Title

Managing Director

Status

Former

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